Schibsted ASA Correlations
| SBSNY Stock | USD 31.54 0.00 0.00% |
The current 90-days correlation between Schibsted ASA ADR and Slate Office REIT is -0.19 (i.e., Good diversification). The correlation of Schibsted ASA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Schibsted ASA Correlation With Market
Good diversification
The correlation between Schibsted ASA ADR and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Schibsted ASA ADR and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Schibsted ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Schibsted ASA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Schibsted ASA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Schibsted ASA ADR to buy it.
Moving together with Schibsted Pink Sheet
| 0.61 | PSO | Pearson PLC ADR | PairCorr |
| 0.67 | PSORF | Pearson Plc | PairCorr |
| 0.64 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.66 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.61 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.69 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Schibsted Pink Sheet
| 0.73 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.64 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.6 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.6 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.58 | BKRKY | Bank Rakyat | PairCorr |
| 0.56 | IFPJF | Informa plc | PairCorr |
| 0.53 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.34 | IFJPY | Informa PLC ADR | PairCorr |
| 0.34 | PBCRY | Bank Central Asia | PairCorr |
| 0.31 | PBCRF | PT Bank Central | PairCorr |
| 0.64 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.43 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.33 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | VZ | Verizon Communications Sell-off Trend | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Schibsted Pink Sheet performing well and Schibsted ASA Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Schibsted ASA's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLTTF | 3.58 | 0.91 | 0.04 | (0.86) | 4.48 | 15.38 | 75.79 | |||
| 444859BR2 | 1.36 | (0.01) | 0.00 | 0.16 | 0.00 | 5.93 | 16.62 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRRAY | 1.27 | (0.11) | 0.00 | 0.01 | 0.00 | 0.00 | 34.02 | |||
| LBHIX | 0.12 | 0.01 | (0.44) | 0.51 | 0.00 | 0.24 | 0.96 | |||
| MSTSX | 0.49 | (0.03) | (0.12) | 0.08 | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.18 | 0.03 | (0.23) | (0.15) | 0.24 | 0.34 | 1.91 | |||
| SCAXF | 0.70 | (0.37) | 0.00 | (19.66) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.75 | 0.08 | (0.04) | (1.44) | 1.13 | 2.28 | 7.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Schibsted ASA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Schibsted ASA Corporate Management
| Andrew Kvalseth | Chief Officer | Profile | |
| Sven Thaulow | Chief Officer | Profile | |
| JannBoje Meinecke | VP Relations | Profile | |
| Kristin Lund | Chief Officer | Profile | |
| Raoul Grnthal | Ex NEXT | Profile | |
| Mette Krogsrud | EVP Officer | Profile | |
| Dan Ouchterlony | Ex Venture | Profile |